How to save money on your food shop!
Begrudge spending a chunk of your pay check on food shopping each week? With the cost of everyday essentials continuing to rise, we have put together some tips for shoppers who are keen to cut their weekly food bills.
- Plan your meals for the week ahead, write out a list, set a budget and stick to it. That way you won’t end up with unnecessary food that seemed a ‘bargain at the time’ going past its ‘eat-by’ date in the fridge.
- Get the best deals by using a comparison site such as mysupermarket.co.uk to compare the cost of your shopping basket. Search for and use coupons, free delivery, money-off and extra loyalty points.
- Consider online shopping – there’s less in-store temptation and the majority of supermarkets offer savings of up to £100 off your first online shop and substantial discounts on subsequent orders. If time allows, go for the cheapest delivery slots.
- If shopping in-store, draw out cash to match your budget. This avoids over-spending and racking up a credit card bill that if you can’t pay off in full the following month will end up costing you more in interest.
- Use supermarket loyalty cards to pay for items and take advantage of offers such as ‘buy one get one free’ or ‘three for two’ on food you will use in the future, namely tinned tomatoes, beans, pasta, rice etc. You can also compare ‘price per unit’ on the ticket to see which deal works out the best!
- Shop towards the end of the day, stores will be keen to move on fruit, vegetables and other perishables with looming eat-by dates and so will mark them down.
- Don’t be a brand-snob! With most of our everyday food staples we can’t tell the difference between a store’s basic range and their higher-priced big-brands, so switch and keep it a secret if necessary. And if you really want to make substantial savings, switch to the low-costs supermarkets such as Aldi and Lidl.
- Scan as you go. Chains such as Waitrose, Sainsburys and Tesco offer this facility – you can scan and pack your shop as you go, keeping track of your spend and saving time packing at the end.
- If you need to do a big shop for a family event or children’s party, check out how close you are to a Costco – a warehouse-based operation open to businesses and individuals. You can bulk-buy all your household supplies and everything you need to entertain at discounted prices — just make sure you don’t have to build an extension just to store it all!
- Take a financial health check – we have a free financial health report which enables you to assess how you’re doing in six important areas, including debt planning/budgeting, saving, buying a new home and protection.